[AlanGreenSpam]

-—”The Fed? The Fed has nothing to do with setting housing policy. That’s a political decision coming out of Congress and the executive branch.”

I was referring to the Federal Gov’t (Congress + WH + Supreme Court) as they are the ones who influence IRS tax policy (e.g. mort ded).

You thought I meant the Federal Reserve Board?

Of course not.

[Pelham]

Sorry. In the words of the late lamented Emily Letilla, “nevermind”.

I’m used to seeing the Creature from Jekyll Island crowd blame the Federal Reserve for every conceivable financial problem and I assumed that’s what you meant by the FED.